---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-039825"
form_type: "8-K"
ticker: "ATLX"
cik: "0001540684"
company_name: "Atlas Lithium Corp"
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T09:21:34.604886+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Atlas Lithium issues $20M convertible notes at 6.5% interest, conversion price $28.225

## Summary
- $20M aggregate principal, 6.5% annual interest, 36-month maturity, closing by Nov 24, 2023.
- Conversion price $28.225 per share (25% premium to 3-day VWAP prior to agreement).
- Issued to Martin Rowley and other accredited investors in a private placement under Regulation D.
- Company may redeem after first anniversary if stock price reaches 125% of conversion price.
- Proceeds provide working capital for lithium project development and general corporate purposes.

## SEC filing metadata
- accession: 0001493152-23-039825
- form_type: 8-K
- ticker: ATLX
- cik: 0001540684
- company_name: Atlas Lithium Corp
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1540684/000149315223039825/0001493152-23-039825-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1540684/000149315223039825/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-039825
- JSON: https://secwatch.observer/filing/0001493152-23-039825.json
- Plain text: https://secwatch.observer/filing/0001493152-23-039825.txt

## Key facts
- Debt Financings
  Atlas Lithium Corp incurred convertible notes of $20,000,000 with Martin Rowley along with other experienced lithium investors at 6.5% per annum maturing the date that is thirty-six months from the Closing Date.
  - Instrument: convertible notes
  - Principal: $20,000,000
  - Counterparty: Martin Rowley along with other experienced lithium investors
  - Rate: 6.5% per annum
  - Maturity: the date that is thirty-six months from the Closing Date
  - Event: incurrence
  source text: On November 7, 2023, Atlas Lithium Corporation (“Atlas Lithium” or the “Company”) entered into a Convertible Note Purchase Agreement (the “Purchase Agreement”) with Martin Rowley relating to the issuance to Martin Rowley along with other experienced lithium investors (each a “Holder”) of convertible promissory notes with an aggregate total principal amount of $20,000,000, accruing interest at a rate of 6.5% per annum (each a “Note”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1540684/000149315223039825/0001493152-23-039825-index.htm
- Material Agreements
  Atlas Lithium Corp entered into Convertible Note Purchase Agreement with Martin Rowley and other experienced lithium investors valued at $20,000,000 (effective 2023-11-07).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Martin Rowley and other experienced lithium investors
  - Value: $20,000,000
  - Effective: 2023-11-07
  source text: On November 7, 2023, Atlas Lithium Corporation (“Atlas Lithium” or the “Company”) entered into a Convertible Note Purchase Agreement (the “Purchase Agreement”) with Martin Rowley relating to the issuance to Martin Rowley along with other experienced lithium investors (each a “Holder”) of convertible promissory notes with an aggregate total principal amount of $20,000,000, accruing interest at a rate of 6.5% per annum (each a “Note”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1540684/000149315223039825/0001493152-23-039825-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.